Back to search
The question

What is the ruling on working in a charity organization that deposits donation money in treasury bills and bank deposits to benefit from interest amounting to 200,0, which banks exploit for loans, knowing that I am responsible for settling and recording these entries, and is this considered usury (riba)?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The benefits of loans in commercial banks and treasury bills are usurious and forbidden. Therefore, it is not permissible for the institution to purchase treasury bills or deposit donors' funds in usurious banks for investment, even if it is for charitable purposes, as usury is forbidden by Islamic law. Your work in this institution is impermissible due to your direct involvement in usurious transactions, unless you are compelled to do so, in which case it is permissible until you find permissible work.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
196174
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy